Cryptocurrency exchange CoinFlex has detailed a restructuring plan in which creditors will own 65% of the company, with a vote on the proposal coming over the next week. Existing ordinary and Series A shareholders will lose their equity stakes, while the CoinFlex team will be allocated 15% in the form of an employee share option plan that will vest over time. Series B investors will continue to be shareholders and will be incentivized with future equity, a statement showed. “As with any reorganization, unfortunately, most shareholders get wiped out,” CoinFlex said. “This situation is no different.” A slew of crypto ... (full story)